CITI ON INFO EDGE ; BUY | TP ₹1,500 (EARLIER ₹1,470)

• Target Upgrade: Citi raises target price to ₹1,500 from ₹1,470, maintaining Buy rating. • Q2 Margins: EBITDA margin expands 500 bps YoY to 44.8%. • AI Revenue: AI-led recruitment products generate ₹240 Cr in annualised revenue. • Growth Outlook: AI monetisation expected to support future revenue growth. • Key Monitorable: CEO transition remains an important factor to watch. • Impact: Positive 🟢

INFO EDGE (I) LTD

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